Shares of EV trucks and charging infrastructure provider Atlis Motor (NASDAQ:AMV) are rising today after the company expanded its agreement with AUSEV. It has now received an expanded order from the latter for 270 1.5MW charging stations.
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These stations will support the earlier order of 19,000 XT pickup trucks from AUSEV.
Further, the two companies are also looking at a possible production of battery cells in Australia where the trucks and stations will be deployed.
Atlis shares have been on a wild ride since the company’s recent listing and the stock price has already climbed nearly 80.5% over the past five days.
Is Atlis Motor a Good Investment?
While Wall Street is yet to put its sights on Atlis, news sentiment over the past seven days reveals neutral sentiment for the stock as compared to a more Bullish sentiment for the sector.
This implies a weakening momentum in the stock after its recent run-up.
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